Sec. 5. (a) A copy of the buyer‘s cancellation rights under this chapter shall be furnished in writing to the buyer at the time the contract is formed.

     (b) In at least 10 point boldface type, every contract for health spa services must provide that the contract may be cancelled before midnight of the third full business day after the buyer signs the contract.

Terms Used In Indiana Code 24-5-7-5

  • Business day: means a day other than Sunday or a legal holiday. See Indiana Code 24-5-7-1
  • Buyer: means a purchaser of services under a contract for health spa services. See Indiana Code 24-5-7-1
  • Contract: means a contract for health spa services entered into after August 31, 1983. See Indiana Code 24-5-7-1
  • Contract: A legal written agreement that becomes binding when signed.
  • Health spa: means any business entity, other than an entity that is exempt from taxation under Section 501 of the Internal Revenue Code, offering health spa services to the public. See Indiana Code 24-5-7-1
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Seller: means a seller of services under a contract for health spa services. See Indiana Code 24-5-7-1
     (c) A buyer may cancel the contract by written notice, in any form, delivered in person or mailed by certified or registered mail to the seller at the address specified in the contract. The notice must be accompanied by the membership cards previously delivered to the buyer.

     (d) All money paid under a contract shall be refunded within thirty (30) days of receipt of the notice of cancellation.

As added by P.L.249-1983, SEC.1. Amended by P.L.24-1989, SEC.16.

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